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Jul 16, 2010
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. >>> also coming up this half hour, money-saving tips from rebecca jarvis. she's been checking this out for us all summer long. this morning, websites that can help you save serious dough, all kinds of things gift cards and discounts. another one has free shipping coupons for any big store you can think of. you don't want to miss it so hang around. >> i've got my pen ready. >>> also ahead, a message for parents. what were you thinking when you say to your child, what were you thinking? one of the most common things we say to our kids and we shouldn't say, because kids hear a different message. we'll tell you what's a better thing to say instead. >>> first, the latest on the mel gibson scandal, moving now from the tape recorder to the courtroom in a child custody battle with his ex-girlfriend. we are now hearing a fifth obscenity-filled rant allegedly from the oscar winner. his attorneys, though say those tapes may not really be the whole truth. cbs news correspondent ben tracy has the latest. >> no comments about anything, any subject, any matter. >> reporte
. >>> also coming up this half hour, money-saving tips from rebecca jarvis. she's been checking this out for us all summer long. this morning, websites that can help you save serious dough, all kinds of things gift cards and discounts. another one has free shipping coupons for any big store you can think of. you don't want to miss it so hang around. >> i've got my pen ready. >>> also ahead, a message for parents. what were you thinking when you say to your child, what...
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Jul 22, 2010
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rebecca jarvis, cbs news, new york. >> that is "the cbs evening news." i'm katie couric. thanks for watching. i'll see you tomorrow. goodnight. captioning sponsored by cbs captioned by one. can industrial- sized marijuana light a fire under the >>> the city that lost much of its industry over the years tries to jump-start a new one. can industrial sized marijuana light a fire under the oakland economy? >>> our first look at suspects in the murder of a man who came to the bay area just hoping it land a job. >>> another hellish day for a.c. transit users. so if the soon right when it says there is no sickout, if the union is right, why did hundreds of workers call in sick? >>> good evening, i'm dana king. >> i'm allen martin. the news starts now. >>> your realtime captioner is linda marie macdonald. caption colorado, l.l.c. comments@captioncolorado.com >>> oakland has made a move for additional revenue by giving an official blessing to industrial sized marijuana. phil matier on whether a city that's lost
rebecca jarvis, cbs news, new york. >> that is "the cbs evening news." i'm katie couric. thanks for watching. i'll see you tomorrow. goodnight. captioning sponsored by cbs captioned by one. can industrial- sized marijuana light a fire under the >>> the city that lost much of its industry over the years tries to jump-start a new one. can industrial sized marijuana light a fire under the oakland economy? >>> our first look at suspects in the murder of a man who...
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Jul 26, 2010
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here with details, cbs news, business and economics correspondent rebecca jarvis. good morning. >> good morning. >> we're talking about save 50% or more on what? >> 50% to 90% of savings on services, for example, going to a restaurant, a bowling alley, getting a manicure, pedicure, these websites are trying to get to you share information with your friends. >> tell us about the websites and how they work. >> so, overall, what you're doing by getting into these websites, there's about 80 right now. what you're doing is giving free advertising to the company by sharing the information with your social network. >> okay. >> so, one of these websites, bri far the most successful is groupon, in 94 city. you go to groupon, find your local city or perhaps the city you're traveling to and you go in and let them know that you're interested. they will send you e-mails every day with new deals. if you choose to participate in one of the deals, you sign up, you give them your credit card information, they'll send you a link. if a minimum number of people decide to participate i
here with details, cbs news, business and economics correspondent rebecca jarvis. good morning. >> good morning. >> we're talking about save 50% or more on what? >> 50% to 90% of savings on services, for example, going to a restaurant, a bowling alley, getting a manicure, pedicure, these websites are trying to get to you share information with your friends. >> tell us about the websites and how they work. >> so, overall, what you're doing by getting into these...
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Jul 17, 2010
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. >>> let's get the rest of the day's headlines, rebecca jarvis is at the newsdesk. >> good morning to everyone at home. a sharp downturn in consumer sentiment and weak revenue from two major banks sent stock prices as the week ended on wall street. the dow closed at 10,097, a drop of 2.5%. the dow was off 1% for the week. investors will be watching a new round of earnings reports in the week ahead. >>> meanwhile the president left the heat of washington politics for a little r&r in the cooler climate of maine. the first family is traveling with him and so is chief white house correspondent chip reed. >> reporter: the president came to try to relax and escape the pressure of washington but of course as president wherever he goes the pressure goes with him. on the coast of maine this weekend, president obama and his family are taking in the natural splendor of acadia national park. it's a well-timed break for the president who is celebrating two victories, congressional passage of wall street reform and progress at least for now on stopping the flow of oil into the gulf. >> we won't be
. >>> let's get the rest of the day's headlines, rebecca jarvis is at the newsdesk. >> good morning to everyone at home. a sharp downturn in consumer sentiment and weak revenue from two major banks sent stock prices as the week ended on wall street. the dow closed at 10,097, a drop of 2.5%. the dow was off 1% for the week. investors will be watching a new round of earnings reports in the week ahead. >>> meanwhile the president left the heat of washington politics for a...
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Jul 27, 2010
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joining us rebecca jarvis. i want to put pictures of hayward and of dudley. let's talk about dudley and why this guy. >> what bp faces ahead is a pr balance. the issue for bp is that americans have lost trust in the company. the company does 40% of its business here, dudley came from america and was born in new york and grew up in mississippi. he fits the right profile for regaining trust from americans and bp. >> let's talk about bp losses. this is a company, big company, used to making lots of profits. the profits from a year ago this quarter versus the losses are just -- almost breath take. >> yeah. looking at massive losses for the quarter. $17 billion in losses. this quarter versus us is last year this time. the company was make ring $4.4 billion. but what's most important about all of this is what share holdest lost in the bargain. shareholders lost $70 billion as a result of this. >> in the end of the day, does bp -- a question that's come up in the first weeks and after the first month and the second month, do they have the resources to back up what -
joining us rebecca jarvis. i want to put pictures of hayward and of dudley. let's talk about dudley and why this guy. >> what bp faces ahead is a pr balance. the issue for bp is that americans have lost trust in the company. the company does 40% of its business here, dudley came from america and was born in new york and grew up in mississippi. he fits the right profile for regaining trust from americans and bp. >> let's talk about bp losses. this is a company, big company, used to...
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Jul 21, 2010
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cbs news business and economics correspondent rebecca jarvis has the remarkable story. good morning. >> good morning, harry. most teenagers hope to use the family car after getting their license, but stephen ortiz is not like most kids. this kid really knows how to drive a hard bargain. at just 17 years old, stephen ortiz already has his own porsche but he never paid a penny for it and neither did his parents. >> i feel power and luxury. not too many 17 years old can sit behind a wheel of a porsche and say it's their. >> he said it all started with a simple cell phone and website. after searching online website on craigslist he found someone who was willing to trade for his phone. >> i seen people that had a need for certain stuff, certain things that i had. >> he dealt that cell phone for another model and upgraded to an ipod, which he bartered for a bike, then another bike, that he then swapped for a laptop. >> testing my luck to see where i can go with it. >> two motorcycles and four cars later, a total of 14 trades over two years, and ortiz got his porsche. >> never
cbs news business and economics correspondent rebecca jarvis has the remarkable story. good morning. >> good morning, harry. most teenagers hope to use the family car after getting their license, but stephen ortiz is not like most kids. this kid really knows how to drive a hard bargain. at just 17 years old, stephen ortiz already has his own porsche but he never paid a penny for it and neither did his parents. >> i feel power and luxury. not too many 17 years old can sit behind a...
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Jul 23, 2010
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cbs news, business and economic correspondent rebecca jarvis has more now from the new york stock exchange. good morning, rebecca. >> good morning. what a difference a couple of days makes. ben bernanke yesterday reassures the markets after spooking them wednesday by telling investors and americans he's willing to do whatever it takes to push bore othering costs down and make them lower so americans can get more money if the jobs picture does than recover quickly. we also heard positivity from ups. this morning we heard from microsoft and american express about the positivity they are seeing as far as business and consumer demand. >> in the midst of this, i understand several big wall street banks are about to be taken for task for huge bonus payments they made during the height of the financial crisis. >> that's correct. kenneth feinberg, obama's appointed pay czar, is going to release the report today, that shows 17 big banks in this country put out $1.6 billion in bonuses that he will say were ill-advised. not lawful but ill-advised. the expectation is we will hear the citigroup, goldma
cbs news, business and economic correspondent rebecca jarvis has more now from the new york stock exchange. good morning, rebecca. >> good morning. what a difference a couple of days makes. ben bernanke yesterday reassures the markets after spooking them wednesday by telling investors and americans he's willing to do whatever it takes to push bore othering costs down and make them lower so americans can get more money if the jobs picture does than recover quickly. we also heard positivity...
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Jul 20, 2010
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joining us now is cbs news business and economics correspondent rebecca jarvis. good morning. >> good morning, harry. >> i want to take this out of the political arena and put it into real life for a little while. we're talking about an awful lot of people who are very dependent on this, a lot because this economy, the rebound hasn't happened the way so many people anticipated. >> harry, you're making a really valid point there, which is that many millions of people have been unemployed for more than six months. it's a problem that's lasted a lot longer for a lot of people. and so, when they lose those $309 checks on a weekly basis, it not has an impact on them individually, but it also has an impact on the economy overall, and that's because when people get unemployment checks, research has shown it usually goes directly back into the economy. so, if you're unemployed, you get a check, you spend that check immediately as opposed to putting it in the bank and letting it sit there. >> it's very interesting. we talk about unemployment numbers a lot. unemployment ra
joining us now is cbs news business and economics correspondent rebecca jarvis. good morning. >> good morning, harry. >> i want to take this out of the political arena and put it into real life for a little while. we're talking about an awful lot of people who are very dependent on this, a lot because this economy, the rebound hasn't happened the way so many people anticipated. >> harry, you're making a really valid point there, which is that many millions of people have been...
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Jul 22, 2010
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joining us now is rebecca jarvis. what was it specifically, not just that comment, more to it, i know, about mr. bernanke's comments that did send the markets tumbling? >> first off the market never likes to hear that an official in the government is uncertain about our recovery. on top of that it was a question of jobs. we said that it is somewhat slower now as far as the jobs picture goes than the fed ever expected, our recovery of all of those 8.5 million jobs lost during the recession is slower than we anticipated and that's not a good sign. >> in terps of the recovery the housing market we have seen stalling which you touched on as well. >> reporter: he talked about housing being in a moderate recovery and the issue now facing lawmakers is a question of what to do to get the housing market back on track and to start improving a little bit. right now what we have seen is this stimulus dollars that $8,000 tax credit now it has worn off people aren't buying homes anymore. >> of course, interest rates are the record
joining us now is rebecca jarvis. what was it specifically, not just that comment, more to it, i know, about mr. bernanke's comments that did send the markets tumbling? >> first off the market never likes to hear that an official in the government is uncertain about our recovery. on top of that it was a question of jobs. we said that it is somewhat slower now as far as the jobs picture goes than the fed ever expected, our recovery of all of those 8.5 million jobs lost during the recession...
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Jul 24, 2010
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rebecca jarvis has suggestions for you. how do you protect your principal in volatile times like this? >> first off, chris, you really have to be selective and give yourself a broad basket of things. don't put all your eggs in one basket and know when you give that money up beyond the bank and under the mattress, principal protection is not always easy to do and not 100% guaranteed. >> you have no control over your money when you relinquish it. we have five safe havens starting with blue chip stocks. >> blue chip dividend-paying stocks are some of the more conservative stocks out there companies like johnson & johnson companies that have withstood the test of time. they also tend not to give major downside, what you are looking for in a market and economy like this. if you have a struggle in terms of picking out the dividend play you are looking for you can find a fund or etf with access to all the dividend stocks out there, which is good. >> dividends for folks at home may be unfamiliar with -- >> a little kick-back. >> yo
rebecca jarvis has suggestions for you. how do you protect your principal in volatile times like this? >> first off, chris, you really have to be selective and give yourself a broad basket of things. don't put all your eggs in one basket and know when you give that money up beyond the bank and under the mattress, principal protection is not always easy to do and not 100% guaranteed. >> you have no control over your money when you relinquish it. we have five safe havens starting with...